The increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes refers to diversification.
<h3>What is diversification?</h3>
Diversfication is the process by which a firm increases the product offerings to its customers in a particular region. The purpose of diversification is to increase the options avaiable to customers, increase profit margin and increase market share.
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Answer:
c. 2.71, and supply is elastic.
Explanation:
The formula to compute the price elasticity of supply is shown below:
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
where,
Change in quantity supplied is
= Q2 - Q1
= 100 t-shirts - 75 t-shirts
= 25 t-shirts
And, an average of quantity supplied is
= (100 + 75) ÷ 2
= 87.5
Change in price is
= P2 - P1
= $20 - $18
= $2
And, the average of price is
= ($20 + $18) ÷ 2
= 19
So, after solving this, the price elasticity of supply is 2.71
Answer:
Alternative A Alternative B Net Income (B-A)
Revenues $149,400 $186,500 $37,100
Costs $102,900 $123,800 $20,900
Net income $46,500 $62,7000 $16,200
Project B has incremental revenue of $37,100, cost $20,900 and net income $16,200.
Explanation:
Net income is amount of earning that a company of individual maker after deducting all the expense from the revenue for a specific period of time. Net income can be calculated by subtracting all the related expenses from the revenue / income for the period.
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- Those insurance carriers would enjoy the benefit of having income-tax-free privileges
- The insurances are assured to be "flexible" in accordance to the policyholder's needs
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